According to the U.S. Attorney’s Office, between 2008 and 2014, Wang and a co-defendant — Frank Luo, 49, of Las Vegas — participated in a scheme to defraud casinos and credit card companies across the country. The scheme involved using the names and social security numbers of migrant workers to apply for casino credit and to open credit card accounts.
Casino credit — also called a “marker” — is a cash advance provided by a casino to a patron, and it is often secured by a check from the patron’s bank account, according to the U.S. Attorney’s Office.
Initially, Wang and Luo paid off several of these “markers” on time to give the impression of “credit worthiness” to casinos and credit card companies, the U.S. Attorney’s Office said. But then Wang and Luo recruited “clients” to participate in the scheme to induce the casinos and credit card companies to part with even more money under fraudulent pretenses.
Wang and others working with her coordinated their gambling activity to give the appearance of losing money, which encouraged the casinos to issue future “markers,” the U.S. Attorney’s Office said. The investigation found that one schemer would “lose” money while another would gain the same.
In other instances, one schemer would secretly deliver the issued gambling chips to another to give the appearance of having spent them, the investigation found.
Wang and her co-schemers did not repay the casino markers or the outstanding credit card balances accrued. The U.S. Attorney’s Office said the fraud led to more than $1.1 million in losses to casinos and credit card companies.